STAGFLATION? The Fed could never raise rates to 20% or endure a similar recession to curb inflation this time.

#STAGFLATION ? 1/ 1969, Nixon followed Johnson, who had spent generously on the “Great Society” & the Vietnam War 2017, Trump followed Obama, who had spent generously: “American Recovery on Reinvestment Act,” Troubled Assets Relief Program, O’Care & many military conflicts   1A/ (The money creation and spending of the 1960s WAS THE INFLATION of … Read more

For Crypto/Bitcoin nerds

Just remember, all the people calling this (yellow arrow) “rally” a meltup are the same people that denied the red arrows were a meltdown. The yellow arrow is a correction to the upside in a down trend. Corrections in #bearmarkets are rally’s. h/t @OccupyWisdom

Exports Are Dominated By Two Countries, Imports By Three. And Everything Revolves Around China.

By MC01, WOLF STREET: China’s phenomenal and somewhat worrying rise as the top steel producer in the world has fueled an absolutely unprecedented boom in the trade of iron ore. The latest data available (2016) put the worldwide seaborne dry bulk trade at 4,553 million metric tons, of which 1,354 million metric tons, or 30%, were iron … Read more